Corporations (Aboriginal and Torres Strait Islander) Act 2006
For the purposes of this Act, the composition of the board of a body corporate (the first body ) is taken to be controlled by another body (the second body ) if the second body, by exercising a power exercisable (whether with or without the consent or concurrence of any other person) by it, can appoint or remove all, or the majority, of the directors of the first body.
689-5(2)
For the purposes of this Division, the second body is taken to have power to make such an appointment if: (a) a person cannot be appointed as a director of the first body without the exercise by the second body of such a power in the person ' s favour; or (b) a person ' s appointment as a director of the first body follows necessarily from the person being a director or other officer of the second body.
689-5(3)
Subsections (1) and (2) do not limit the circumstances in which the composition of a body corporate ' s board is taken to be controlled by another body corporate.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
